Tax

Noerr ‚Äėknows how to be successful‚Äô in tax disputes, corporate tax and international investments. Practice head Florin Gherghel, who provides ‚Äėsupport with his in-depth knowledge of VAT‚Äô, advises Knauf Gips.

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On June 13, the Internet Corporation for Assigned Names and Numbers (ICANN) published the names of those who have applied for a new top level domain the ending of which may be geographic, such as "munich", industry identification such as "insurance" and even all trademark names and company descriptions such as "canon" and "adidas".

The highly anticipated new Romanian law on public-private partnership ( "New PPP Law" ) has been finally enacted and will enter into force on 25 December 2016. It replaces the former Law no. 178/2010 on public-private partnership, which due to significant legislative inconsistencies has failed to accommodate any public-private partnership ( "PPP" ).

Trade finance is
generally not very developed in Romania, at least by comparison with other EU
Member States and developed and emerging markets. ¬†In this briefing, we set out certain remarks
in relation to taking security over oil products which are in storage in oil
terminals in Romania, which should be considered in the context of an oil
products trade finance transaction.

Disputes
in Romania are settled in court in the vast majority of cases, under
procedures regulated mainly by the new Civil Procedure Code (CPC). The
CPC entered into force on 15 February 2013, has carried out a systemic
and extensive overhaul of the Romanian dispute resolution model. With a
specific focus on acceleration of trial proceedings, the new regulation
has reformed both the schedule and the content of proceedings taking
place in various phases of the lawsuit, while attempting to clarify many
of the controversies raised by interpretable provisions in the former
regulation.

Initiated late November 2013 and adopted by the
Romanian Parliament on 17.12.2013 (to be published upon the President's
confirmation), the law regarding purchase
of agricultural lands by non Romanian EU Citizens is setting the ground
rules¬†expected¬†for the past 7 years, since Romania's accession to EU.

Before 1989, when the Communism regime fell, mineral resources in Romania were exploited by state-owned companies. Although these exploitations were advertised as big economic successes of the communist governments, in reality, most of them were using outdated technology and some caused significant pollution in the mining perimeters. Moreover, in the context of Romania's negotiations to join the European Union, some of the mining exploitations had to be shut down as they were far from being compliant with the European environmental standards.

Although its stability over time represents the essence of the Romanian Constitution (the ‚ÄúConstitution‚ÄĚ) and of any constitution, such fundamental law within the Romanian legal system should at the same time, at any moment, represent both a frame of reference for the Romanian social, political and economical life and a reflection of such. Given the accelerated changes within the society, in order for the Constitution to be brought in line with the overall social, political and economical evolution and perspectives, a procedure for its revision and also the limitations in what regards the possibility for the Constitution to be revised are established by this fundamental law itself.
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